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Moshe Braver Of Bushwick Realty Holdings Secures $17 Million Loan From Sammy Hakimian
FINANCED
$17,000,000
New York
See Similar DealsDevelopment Site
Financed 07/03/2024
FINANCED
Moshe Braver Of Bushwick Realty Holdings Secures $17 Million Loan From Sammy Hakimian
Bayview Avenue
See Similar DealsDevelopment Site
Financed 07/03/2024
Summary
NEW YORK
Asset Type:Development Site
Transaction Type:Loan
The asset involved in this transaction is a vacant development parcel located at Bayview Avenue in Coney Island, Brooklyn. The development site has a building square footage (BSF) of 342,105. The loan amount secured for this property is $17,000,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $17,000,000
- Lender: Sammy Hakimian - Hakimian Partners
- Landlord: Moshe Braver - Bushwick Realty Holdings
This deal highlights the involvement of Moshe Braver, who represents Bushwick Realty Holdings in securing financing for the project, previously financed by DH1 Holdings. Sammy Hakimian, as the lender, operates through Hakimian Partners to facilitate this loan.
Players
LENDER
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$17,000,000.00
Monthly NOI$113,333.33
Monthly Debt Service$107,451.56
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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